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Land will get special number, Dispute Over Ownership Rights will End

Land will get special number, Dispute Over Ownership Rights will End

Posted By : Admin | Date : 20 Sep 2019


The land will soon be given a unique identity number in the country. This step will help in tackling the problem of disturbances in the ownership of land. The Ministry of Rural Development has started work on the system of standard unique land parcel number.

A senior government official told Economic Times that this number will be given to every plot surveyed. The unique identity number will contain information on the state, district, tehsil, taluka, block and road along with the plot size and ownership details.

The official said that the unique land parcel number can later be linked to the Aadhaar and Revenue Court system. He told that the government believes that giving unique identity numbers to all the lands will facilitate real estate transactions. Issues related to taxation of property will help. Land acquisition will be easy for government projects. This will be a step towards digitization of land records.

According to Feedback Infrastructure Chairman Vinayak Chatterjee, "It will be like a base for a person. A number will provide information related to the purchase and sale of plot, payment of tax and ownership."

He said that the government is now moving ahead with the digitization of land records. Due to it being GIS tagged, it will be easy to get any land details. It is estimated that land-related disputes account for about two-thirds of the pending cases in the country's courts. It takes many years to resolve such cases. This affects sectors and projects dependent on these lands. Apart from this, land is often used for taking a loan to give bail. Such land cannot be mortgaged due to dispute over the ownership of land.



Anuj Puri, chairman of Enrock Property Consultant, said, "Unique identity numbers have been needed for a long time. Implementing this system will help in streamlining the country's land record. It will also increase the interest of foreign investors in the realty sector of the country." , Who are reluctant to invest due to lack of clarity on the ownership of land. "

The government is already implementing the National Land Records Mordernization Program for computerization of property registration process and digitization of all land records.

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Investing in Real Estate is Safer than Share Market

Investing in Real Estate is Safer than Share Market

Posted By : Admin | Date : 31 Aug 2019

Given the problems faced by buyers due to the delay in real estate projects in the country, hardly a consumer would dare to invest in them again. Despite this, long-term investment in real estate is more secure and has better returns than stocks. This has been revealed in new global research.

No fear of Market Fluctuation: 

A report by the Institute of New Economic Thinking (INET) examines the last 150 years of data on the stock market and real estate. Long-term returns in equities and real estate are almost equal. But this kind of risk is less in real estate than sharp fluctuations in stocks.

Market events due to global events:

According to the data, during the World War I in the year 1920, investors lost 6.8% in the shares. While real estate lost only one percent. At the same time, investors in real estate gained six percent during World War II. While investors lost 2.6 per cent in the shares. After 1948, real estate has never had a minimum profit of less than 3.7 percent.

Investors in India Got Good Returns:  

The report has taken data from the year 2010 in India. During this period, real estate in India was less volatile than the market. Investors in real estate and stocks received 20 per cent returns in the year 2010. Between 2010 and 2019 real estate profits never came down from 5% while stocks lost between 18 to 20% on two occasions.

Buying flats more choice In

The research paper of 2016, Experts said that consumers in India spend up to 90 per cent of their income to buy houses or flats. However, after the rapid rise in real estate prices in 2010-12, the same boom is yet to be seen. The report states that the real estate situation in India is less satisfactory in the medium term.

 

86 thousand 824 crore rupees are stuck in NCR area for eight years in these real estate projects

The link between Debt and Price :

The report says that prices in real estate depend on the condition of getting loans, among many other things. Flat prices rise when real estate gets loans easily. Whereas, in case of difficulty in getting loan, prices fall. This has been observed in India in the year 2010-12.

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5 Top Reason Of Real Estate Investment In Gurugram

5 Top Reason Of Real Estate Investment In Gurugram

Posted By : Admin | Date : 30 Aug 2019

Now, a Days, The real estate market in Gurugram are increasing day by day. This is due to recent development in the prime areas which are getting saturated in terms of prices as well as occupation. Also, the commercial developments happening in and around Gurgaon and due to the increasing population influx of Gurgaon, it is becoming the hot spot for realty sector development.

Therefore, The residential and commercial sector is booming very fast so much so that there is a high demand for shops, plot, food court, apartments, flats etc.

Here Are the Top 5 Advantages of Investment in Gurugram :

1. Gurugram has a very efficient connectivity network such as the Dwarka Expressway and the Kundli-Manesar-Palwal Expressway. This location is also very accessible from the Indira Gandhi International Airport, Golf course road etc. Thus the ever-increasing office spaces in Delhi will always create a heavy demand of property be it for outright sale or rent, will always be high.

2. The demand for office spaces in Gururgram has seen tremendous growth. The area has recently witnessed close to 2million sq.ft. of office space absorption. Among these Information Technology and SEZ spaces was one of the highest occupiers of these properties.

3. Gurugram has been dominating as a corporate hub for a long time and has also witnessed continuous development of infrastructure and has also benefited from its connectivity to the capital Delhi. This also provides an attraction to significant investments in the segment. The commercial office segment has been quite successful in Gurugram which ultimately offers it with excellent opportunities for residential development also.

4. Gurugram has also seen a huge rise in the availability of civic amenities in and around the area which is due to the ease of transportation and communication, the NH8 and the Dwarka Expressway playing a huge role in that. With continuous growth in the population being recorded and an increasing office space market and also Gurugram getting more affordable day by day because of lower interests and demands based on longevity.

5. Luxury Apartments are also a big investment in Gurugram. It is the fastest growing realty segment which accounts for about a third of the whole investments.


Therefore, The superior infrastructure and services, high-end housing complexes, food parks and more such awe-inspiring social infrastructure are some of the major reasons for the burgeoning investment in Gurgaon. For more details, Call @ 9818180513.

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